Investment analysts at Boenning Scattergood assumed coverage on shares of Four Corners Property Trust (NYSE:FCPT) in a note issued to investors on Thursday, MarketBeat reports. The firm set an “outperform” rating and a $30.00 price target on the financial services provider’s stock. Boenning Scattergood’s price target would indicate a potential upside of 6.23% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Four Corners Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. TheStreet upgraded shares of Four Corners Property Trust from a “c” rating to a “b” rating in a research note on Monday, October 29th.
FCPT opened at $28.24 on Thursday. The stock has a market capitalization of $1.92 billion, a PE ratio of 20.76 and a beta of 0.08. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.95 and a quick ratio of 2.95. Four Corners Property Trust has a twelve month low of $21.28 and a twelve month high of $28.54.
In related news, CFO Gerald R. Morgan sold 3,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $27.03, for a total transaction of $91,902.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Eii Capital Management Inc. purchased a new position in Four Corners Property Trust during the third quarter valued at approximately $123,000. Itau Unibanco Holding S.A. purchased a new position in Four Corners Property Trust during the second quarter valued at approximately $166,000. First Trust Advisors LP grew its stake in Four Corners Property Trust by 29.0% during the third quarter. First Trust Advisors LP now owns 12,431 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 2,797 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Four Corners Property Trust during the second quarter valued at approximately $320,000. Finally, Zebra Capital Management LLC purchased a new position in Four Corners Property Trust during the second quarter valued at approximately $348,000. 91.10% of the stock is owned by institutional investors.
Four Corners Property Trust Company Profile
FCPT is a real estate investment trust primarily engaged in the acquisition and leasing of restaurant properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and related food services industry.
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